SCB 10X, the disruptive technology investment arm of SCBX Group, today announced its strategic partnership with AI2 Incubator through participation in the fund's $80 million Fund III. The partnership positions SCB 10X at the forefront of applied AI innovation, connecting Thailand's innovation ecosystem with one of the world's leading AI startup incubators.
AI2 Incubator, based in Seattle, Washington, will use Fund III to launch 70 new applied AI companies over the next five years. The fund represents a significant milestone in international AI investment collaboration, bringing together strategic partners from across the globe including Thailand, Japan, and the United States.
Strategic Investment in Global AI Innovation
SCB 10X's investment in AI2 Incubator Fund III reflects the organization's commitment to identifying and supporting transformative technologies that will shape the future of financial services and digital innovation in Southeast Asia.
Pailin (Pie) Vichakul, Chief Investment Officer of SCB 10X, stated: "Rooted in Seattle's rich AI ecosystem, AI2 Incubator combines world-class research and big tech talent with the deep technical and entrepreneurial guidance of its leadership team to help founders successfully navigate the pre-seed stage and accelerate their commercial trajectory."
Jacob Colker, Co-Founder and Managing Director of AI2 Incubator, added: "Applied AI commercialization was still theoretical when we launched ten years ago. Today, it's a defining force in technology. Our model goes beyond capital. We pair research depth and technical infrastructure with hands-on commercialization expertise. The goal isn't volume, it's building enduring AI companies that solve real-world problems."
Proven Track Record of Success
Since its founding in 2015, AI2 Incubator has specialized in transforming breakthrough AI research into commercial ventures, building an exceptional track record:
- 90% of incubated startups successfully raise venture funding
- 24% of graduates have been acquired Notable alumni include XNOR (acquired by Apple), Lexion (acquired by DocuSign), and Materia (acquired by Thomson Reuters)
Global Strategic Partners with Strong Representation
Notable LPs joining Fund III include Khosla Ventures, BHP Ventures, Point72 Ventures, the Pacific Northwest's Madrona Venture Group, investment manager Evergreen Gavekal, SBI Holdings, SCB 10X, and leading startup law firm Wilson Sonsini. This diverse mix brings both capital and strategic networks that directly benefit founders, with particular strength in Asian and global markets that are increasingly important for AI commercialization.
Physical Innovation Hub: AI House Seattle
AI2 Incubator anchors AI House, a physical community and events hub on Seattle's waterfront where founders build alongside 100+ resident experts. The community includes researchers publishing at top-tier AI conferences, founders with exits to Apple, Meta, and Google, and executives who've led AI platforms at Microsoft, Amazon, and OpenAI.
With over 8,000 founder applications and referrals received annually and more than 15,000 event attendees since March 2025, AI House has become a premier destination for AI innovation and entrepreneurship.
Distinguished Leadership Team
The AI2 Incubator leadership team has collectively partnered with or created more than 100 companies in their previous roles. Managing Directors Jacob Colker and Yifan Zhang bring deep expertise as serial entrepreneurs and operators, while Technical Directors Vu Ha and Oren Etzioni provide technical guidance on AI architectures, production systems, and go-to-market strategy.
For more information about AI2 Incubator and Fund III, visit www.ai2incubator.com.